Coca-Cola Europacific Partners plc Announces Appointment of Chief Financial Officer

Rhea-AI Summary

Coca-Cola Europacific Partners (CCEP) has announced the appointment of Ed Walker as Chief Financial Officer (CFO), effective July 1, 2024. Ed Walker, who has been with CCEP since its formation and has over 30 years of finance leadership experience, will replace outgoing CFO Nik Jhangiani. Ed's extensive background includes roles as Group Controller of CCEP and CFO of the Coca-Cola bottler in Canada. The transition period will be supported by Nik Jhangiani until August 2024 and CCEP's half-year results.

CEO Damian Gammell praised Ed Walker's broad finance experience within the Coca-Cola system and expressed confidence in his ability to drive the business forward. Ed Walker expressed excitement about his new role and his commitment to working collaboratively with the team to achieve shared goals.

Positive

• Appointment of a new CFO with over 30 years of finance leadership experience.
• Ed Walker has extensive experience within the Coca-Cola system, providing continuity.
• Transition period supported by outgoing CFO until August 2024, ensuring a smooth handover.
• CEO's confidence in Ed Walker's ability to drive the business forward.

Negative

• Recent resignation of previous CFO Nik Jhangiani may indicate internal shifts or disruptions.
• Transition period may temporarily affect operational stability until fully settled.

Coca-Cola Europacific Partners (CCEP) today announces the appointment of Ed Walker as Chief Financial Officer (CFO)

UXBRIDGE, UNITED KINGDOM / ACCESSWIRE / May 23, 2024 / CCEP is pleased to announce that Ed Walker, previously Group Controller of CCEP, is appointed as CFO. This follows the recent announcement of Nik Jhangiani's resignation (3 May 2024) and the completion of a thorough process.

Ed started his career as an Officer in the British Army. He then trained as an accountant and now has over 30 years of finance leadership experience across manufacturing, purchasing, commercial, marketing and group functions. Ed has been with CCEP since its formation and prior to that held several roles in the Coca-Cola system, including CFO of the Coca-Cola bottler in Canada. Ed's experience over the past decade has focused on Group finance planning, analysis and control.

Ed will assume the role as CFO effective 1 July with Nik supporting the transition until August and CCEP's half year results.

Damian Gammell, CCEP CEO, said:

"Ed has fantastic and broad finance experience across the Coca-Cola system. I have worked with him for many years so I know he will continue to drive the business forward. He will be a great addition to the executive team and I wish him all the best in his new well-deserved role."

Ed Walker said:

"I am very excited to be part of the next phase of our journey at CCEP in what is truly a great company. It continues to be a genuine privilege to work with so many talented and dedicated people across the business, and I look forward to collaborating with them closely to achieve our shared goals."

About CCEP

CCEP is one of the leading consumer goods companies in the world. We make, move and sell some of the world's most loved brands - serving nearly 600 million consumers and helping over 2 million customers across 31 countries grow.

We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.

The Company is currently listed on Euronext Amsterdam, NASDAQ (and a constituent of the Nasdaq 100), London Stock Exchange and on the Spanish Stock Exchanges, trading under the symbol CCEP.

For more information about CCEP, please visit www.cocacolaep.com & follow CCEP on LinkedIn @ Coca-ColaEuropacificPartners | LinkedIn

Enquiries

General Counsel and Company Secretary: Clare Wardle; secretariat@ccep.com

Investor Relations: Sarah Willett; sarah.willett@ccep.com

Media: ccep@portland-communications.com

End

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SOURCE: Coca-Cola Europacific Partners plc

View the original press release on accesswire.com

FAQ

When will Ed Walker assume the role of CFO for CCEP?

Ed Walker will assume the role of CFO on July 1, 2024.

Who is the new CFO of CCEP as of May 2024?

Ed Walker has been appointed as the new CFO of CCEP.

What is the background of CCEP's new CFO Ed Walker?

Ed Walker has over 30 years of finance leadership experience and has held roles such as Group Controller of CCEP and CFO of the Coca-Cola bottler in Canada.

When did Nik Jhangiani announce his resignation as CCEP's CFO?

Nik Jhangiani announced his resignation on May 3, 2024.

How long will Nik Jhangiani support the transition after Ed Walker becomes CFO?

Nik Jhangiani will support the transition until August 2024.